Indonesian Political, Business & Finance News

Archive: 24 April 1999

42 articles found

The war is on

The war is on You are absolutely correct, I do not mean the deadly "Star Wars" conceived by United States air defense strategists at the peak of the Cold War, but the preelection campaign clashes between political parties in this country.

Father wakes up to nightmare of son on the run

Father wakes up to nightmare of son on the run JAKARTA (JP): At his tiny house in a small alley in East Jakarta, Sucahyo never expected to be bombarded with visits from police and intelligence officers.

Stock Exchange

Stock ExchangeStock prices on the Jakarta Stock Exchange (in rupiah) on April 23, 1999: Shares Close Change Trading Volume ---------------------------------------------------------------- Ades Alfindo 375 0 0 AHAP Insurance 425 0 0 Alakasa Industrindo 100 0 0 Alter Abadi 200 0 6,000 Alumindo Light...

ISCI Cricket Club defeats NJCC

ISCI Cricket Club defeats NJCC JAKARTA (JP): John Stevenson's bat carried local ISCI Cricket Club past North Jakarta Cricket Club (NJCC) last Sunday in a semifinal match of the Synergy Trophy on the grounds of the Ceylon Cricket Club (CCC) in Cibubur, East Jakarta.

IPTN to build 30 CN-235 airplanes by 2004

IPTN to build 30 CN-235 airplanes by 2004By M.M.I Ahyani BANGKOK (JP): State-owned aircraft manufacturer PT Industri Pesawat Terbang Nusantara (IPTN) plans to build 30 CN-235 aircraft by the year 2004, the company's top executive said on Thursday.IPTN president S.

Kuntoro against sharp rise in oil prices

Kuntoro against sharp rise in oil prices JAKARTA (JP): Minister of Mines and Energy Kuntoro Mangkusubroto said he did not favor a sharp increase in oil prices for fear that it could hamper global economic growth.

C. Jakarta store owner tried for selling pirated software

C. Jakarta store owner tried for selling pirated software JAKARTA (JP): A shop owner was indicted at the Central Jakarta District Court on Friday for selling pirated Windows '98 and Office '98 computer software.

Govt dismisses reports of social safety net fund misuse

Govt dismisses reports of social safety net fund misuse JAKARTA (JP): Coordinating Minister for People's Welfare and Poverty Eradication Haryono Suyono dismissed on Friday reports of alleged misuse of Rp 8 trillion (US$890 million) of social safety net funds, arguing it was only a matter of...

Time to consider a federal state

Time to consider a federal stateFrom RepublikaThe people in Aceh, Riau, East Kalimantan and Irian Jaya have openly informed the government that if there is no regional autonomy and financial balance, the four provinces will secede from the unitary state of the Republic of Indonesia (Republika,...

Will history repeat itself?

Will history repeat itself?By Patrick Schwarz SEMARANG, Central Java (JP): Americans were quite unabashed in 1976, calling anybody names commensurate with what was thought of them. To them, then president Jimmy Carter was Peanut-Jimmy C.

Tual clashes claim three lives

Tual clashes claim three lives JAKARTA (JP): Security personnel fired shots to disperse battling Christians and Muslims in the Maluku city of Tual, Antara reported. At least three were killed, while 19 others were injured in the violence, the news agency said.

PT Texmaco hands over 50 trucks to Armed Forces

PT Texmaco hands over 50 trucks to Armed Forces JAKARTA (JP): Publicly listed PT Texmaco Perkasa Engineering, a unit of the Texmaco Group, on Friday delivered 50 of the 1,000 Perkasa trucks the Armed Forces ordered from the company.

Beauty shop owner found killed in place of business

Beauty shop owner found killed in place of business JAKARTA (JP): The bloody body of a noted hairdresser and beautician was found in a bedroom at his beauty shop in Tanah Abang, Central Jakarta, on Friday morning.

New law gives local administrations larger revenues

New law gives local administrations larger revenues JAKARTA (JP): Resource-rich provinces will get 15 percent of the government's oil revenues, 30 percent of gas receipts and 80 percent of forestry and fisheries-derived incomes under a new law approved by the House of Representatives on Friday.

Japanese farmers give orphans rice

Japanese farmers give orphans rice JAKARTA (JP): Jakenchu, the association of Japanese farmers, gave on Friday a donation of 220 tons of rice and another 150 kilograms of instant rice packages to 227 orphanages to assist them through the crisis.

APP raises $401m through placement

APP raises $401m through placement HONG KONG (Dow Jones): In the latest effort by an Asian company to tap global financial markets, Asia Pulp & Paper Co. (APP) completed the placement late Thursday of 48.

Habibie to attend Tebu Ireng's centennial

Habibie to attend Tebu Ireng's centennial SURABAYA: President B.J. Habibie is scheduled to attend the commemoration of the 100th anniversary of Tebu Ireng Islamic boarding school in Jombang, East Java, on May 8, its chief, KH Yusuf Hasyim, said on Thursday.

WBC flyweight champion set to down challenger

WBC flyweight champion set to down challenger MANILA (Agencies): World Boxing Council (WBC) flyweight champion Manny Pacquiao of the Philippines is predicting a two- round knockout of his Mexican challenger Gabriel Mira in their title bout here Saturday.

Government urged to set banks' CAR at 16 percent

Government urged to set banks' CAR at 16 percent JAKARTA (JP): The government should set ambitious requirements for banks' capital adequacy ratios (CAR) -- the basic measure of a bank's health -- high enough to allow only serious bankers to remain in the banking industry, according to Australian...

Malaysian acquires S'pore citizenship

Malaysian acquires S'pore citizenship SINGAPORE (AFP): A Malaysian man who planted Singapore's flag on Mount Everest has been granted Singaporean citizenship, and a fellow countryman who was on the same team is following in his footsteps.

Progress, but no deal on East Timor talks

Progress, but no deal on East Timor talks NEW YORK (JP): Both the Portuguese and Indonesian foreign ministers reported progress on Thursday in negotiations on the future of violence-plagued East Timor, but said an agreement would not be ready for signing when their latest round of talks ends on...

Two more banks closed by govt

Two more banks closed by govt JAKARTA (JP): The government moved on Friday to close down two joint-venture banks and take over Bank Niaga in its final round of restructuring measures for the ailing banking industry.

Administration to close down 81 state schools

Administration to close down 81 state schools JAKARTA (JP): The city administration will close down 81 state elementary schools, mostly used for afternoon activities, due to a scarcity of students, a city official said on Thursday.

Where to go in Jakarta:

Where to go in Jakarta:Exhibitions * Women's Art Exhibition: Ekspresi Emansipasi Wanita Dalam Lukisan, at Menara Matahari - Lippo Life, Lippo Karawaci, Tangerang, 10 a.m. to 7 p.m., until April 30. * Painting Exhibition by Rukmini Affandi, at Gran Melia Jakarta, Jl.H.R. Rasuna Said Kav.

KPU members to visit provinces to monitor poll preparations

KPU members to visit provinces to monitor poll preparations JAKARTA (JP): The General Elections Commission (KPU) will recess so its 63 members can tour provinces and regencies in order to ensure smooth preparations for the June 7 general election.Hasballah M.

Sinar plans CPO mill in Irian

Sinar plans CPO mill in Irian JAKARTA (JP): Plantation company PT Sinar Mas announced on Friday it would build a crude palm oil (CPO) processing plant and a port to support transportation of its production in Jayapura regency, Irian Jaya.Company general manager M.

SE Asian currencies end higher, rupiah up

SE Asian currencies end higher, rupiah up SINGAPORE (Dow Jones): Once again, an early move in the yen dictated the direction of trading in Southeast Asian currencies, the majority of which finished Asian hours stronger against the U.S. dollar Friday.

Badminton coach defends program despite protests

Badminton coach defends program despite protests JAKARTA (JP): Physical trainer Tahir Djide defended his program, despite protests from shuttlers attending his demanding workouts for the Sudirman Cup and World Championships next month.

E. Timor's former governor and family flee to Macau

E. Timor's former governor and family flee to Macau JAKARTA (JP): Former Jakarta-appointed governor of East Timor Mario Viegas Carrascalao and his family have fled to the Portuguese territory of Macao, fearing for their lives if they stayed in Indonesia, the Antara news agency reported on Friday.

Health levies to be raised by 87%

Health levies to be raised by 87% JAKARTA (JP): The city administration will raise health levies by an average of 87 percent in a bid to help cover skyrocketing costs of medicine, operations and laboratory machine maintenance.

Conversion Rates

Conversion Rates Bank Bali's conversion rates on April 23, 1999: TT rates Bank notes rates Buying Selling Buying Selling Rp Rp Rp Rp U.S. dollar 1 8,550.00 8,600.00 8,550.00 8,640.00Australian dollar 1 5,557.50 5,632.15 5,532.00 5,682.00Austrian schilling 1 659.30 668.16 - -Belgian franc 1 224.

Foreign ships operate illegally

Foreign ships operate illegally JAYAPURA, Irian Jaya: Dozens of foreign ships have been illegally catching fish and shrimp in Irian Jaya's northern waters, Antara reported.Director of CV Bintang Mas company Gandhi Gan, said on Thursday fishing boats operating between the eastern coastal subdistrict...

Pan Brothers pays dividend

Pan Brothers pays dividend JAKARTA (JP): Publicly listed textile producer PT Pan Brothers announced Thursday it would pay a dividend of Rp 50 per share.The company reported a net profit of Rp 20.6 billion (about US$2.3 million) last year, a 35.73 percent increase from Rp 15.1 billion in 1997.

Asian airlines devise plan to avert Y2K chaos in skies

Asian airlines devise plan to avert Y2K chaos in skies SINGAPORE (AFP): Asia-Pacific airlines and civil aviation bodies have devised a plan preventing congestion in the skies ahead of the new millennium amid fears the "Y2K" bug will disrupt air traffic, officials said Friday.

Track and field meet draws 278 athletes

Track and field meet draws 278 athletes JAKARTA (JP): Some 278 athletes from 21 provinces will compete in a two-day national track and field meet at Senayan Athletic Stadium in Central Jakarta from April 30 to May 1.B.

PSSI training schedule for SEA Games early May

PSSI training schedule for SEA Games early May JAKARTA (JP): The All-Indonesian Soccer Federation (PSSI) will kick off training in early May for the 20th Southeast Asian (SEA) Games in Brunei Darussalam in August, an official said on Friday.

Social safety net fund success stories

Social safety net fund success storiesBy Joko Sarwono BOGOR, West Java (JP): Newspapers run daily stories on the mismanagement of the social safety net fund, but some locals in Baranangsiang subdistrict here have positive stories to tell about the fund, which is meant to help the crisis-hit...

Each party to get three turns in campaigning

Each party to get three turns in campaigning JAKARTA (JP): Chairman of the Jakarta Provincial Elections Committee (PPD I) Djafar Badjeber announced on Friday that campaign activities in the city for the June 7 general election were scheduled to start on May 19.

Anwar's wife to visit RP

Anwar's wife to visit RP MANILA (AFP): Azizah Ismail, the wife of Malaysia's jailed former deputy premier Anwar Ibrahim is to visit the Philippines next week as a guest of former president Corazon Aquino, the foreign department said on Friday.

Human rights court could be formed

Human rights court could be formed JAKARTA (JP): The recent introduction of the bill on human rights could lead to the establishment of a human rights court in the future, with community members having the right to file class action suits against violators, the government said.

More deaths suspected in Ciamis killing spree

More deaths suspected in Ciamis killing spree JAKARTA (JP): The Commission for Missing Persons and Victims of Violence (Kontras) disputed on Friday a police claim of 18 deaths in the West Java town of Ciamis, alleging that more than 50 people have been killed by hired assassins.

Genting to sell RI stake

Genting to sell RI stake KUALA LUMPUR (Dow Jones): Malaysian diversified company Genting Bhd. will sell through a subsidiary part of its interests in a natural gas field in eastern Indonesia, according to a statement received Friday.Genting's unit Cairns Limited has agreed to sell 2.